Bill > H5006

Introduced Session

Amend The South Carolina Code Of Laws So As To Enact The "state Of South Carolina Small Business Tax Cut Of 2026"; By Amending Section 12-37-220, Relating To Property Tax Exemptions, So As To Exempt The First Ten Thousand Dollars Of Net Depreciated Value Of Business Personal Property Owned By A Small Business; By Amending Section 12-37-900, Relating To Property Tax Returns, So As To Provide That A Taxpayer Is Not Required To Return Business Personal Property For Taxation If The Taxpayer Has Less Than Ten Thousand Dollars Of Net Depreciated Value Of Business Personal Property; By Adding Section 12-37-980 So As To Require That All Business Personal Property Required To Be Returned For Taxation To Be Returned To The Department Of Revenue; By Amending Section 12-20-50, Relating To The License Tax On Corporations, So As To Provide That, Under Certain Circumstances, The Fee Does Not Apply To Any Portion Of The First Fifty Million Dollars Of Certain Capital Stock And Paid-in Or Capital Surplus; And By Amending Section 33-44-409, Relating To Standards Of Conduct Of A Corporate Officer, So As To Provide An Exception To Refraining From Competing.

AI Summary

Committee Categories

Brandon Newton (R)*,  Carl Anderson (D),  William Bailey (R),  Nathan Ballentine (R),  Justin Bamberg (D),  Bruce Bannister (R),  Phillip Bowers (R),  Jeff Bradley (R),  Gary Brewer (R),  Case Brittain (R),  Paula Calhoon (R),  Micah Caskey (R),  Don Chapman (R),  Brandon Cox (R),  April Cromer (R),  Sylleste Davis (R),  Adam Duncan (R),  Shannon Erickson (R),  Greg Ford (R),  Cal Forrest (R),  Gil Gatch (R),  Thomas Lee Gilreath (R),  Val Guest (R),  Brandon Guffey (R),  Patrick Haddon (R),  Kevin Hardee (R),  Charles Hartz (R),  Lee Hewitt (R),  Davey Hiott (R),  Bill Hixon (R),  Harriet Holman (R),  Jermaine Johnson (D),  Jay Jordan (R),  John King (D),  Kathy Landing (R),  Brian Lawson (R),  Randy Ligon (R),  Steven Long (R),  Phillip Lowe (R),  David Martin (R),  Annie McDaniel (D),  Cody Mitchell (R),  Travis Moore (R),  Dennis Moss (R),  Mike Neese (R),  Weston Newton (R),  Melissa Oremus (R),  Fawn Pedalino (R),  Tommy Pope (R),  Luke Rankin (R),  Robby Robbins (R),  Blake Sanders (R),  Carla Schuessler (R),  Heath Sessions (R),  Mark Smith (R),  Murrell Smith (R),  Leon Stavrinakis (D),  Bill Taylor (R),  David Vaughan (R),  David Weeks (D),  Paul Wickensimer (R),  Mark Willis (R),  Chris Wooten (R),  Richie Yow (R), 

Referred to Committee on Finance (on 02/12/2026)

Official Document